Analyst: Yahoo "Damaged Goods"
Now that Yahoo CEO Jerry Yang’s five-month conflict with Microsoft Corp. has finally ended, the outcome may not be good for him or the Internet company’s investors, Bloomberg reports.
“When Microsoft walked, it was a real walk,” Colin Gillis, an analyst with Canaccord Adams, said in the report, recommending that investors sell their Yahoo shares. “This deal has the perception of damaged goods.”
The report said that the replacement Google deal may make Yang more vulnerable in a proxy fight against billionaire investor Carl Icahn, who said Yang botched the Microsoft negotiations.
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